Hi, these are just ideas not recommendations, sometimes I trade my ideas, sometimes I don’t.
Always remember, yours is the responsibility for your trades,
Good luck,
Erick



Sunday, September 12, 2010

Some Insider Interest and good looking charts.

First I would like the SP500 to cross over 1125 with good volume, along with that happening I would very much interested in trading long these two stocks.


CODI (Compass Holdings)
The Nasdaq site reports 140,252 net insiders shares bought in the last 3 months, also the site reports net institutional buying of 3,742,222 shares.

There is some resistance at 15.30, if the stock gets to break above that level with a more or less high volume there is a pretty chance of a significantly upside. Above that level there is no resistance in the last 3 years, meaning that everybody that holds the stock has a profit, so no one is in a rush to sell.


COT (Cott Corporation)

Nasdaq reports that insiders bought 647,500 shares in the last 3 months, the net institutional activity is 1,510,180 shares bought at this time. COT broke above 6.5 with remarkable volume and is trading above the weekly ema(30) that should act as support.

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From the Dominican Republic - Swing Trader Speculator - Civil Engineer/Project Manager - sternloinaz@gmail.com